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British currency falls on fears over AstraZeneca vaccine

March, 16 2021
watermark Economic news

The pound sterling declines against the euro and the dollar on Tuesday amid news of the suspension of coronavirus vaccinations developed by AstraZeneca in Germany, Italy and France. Previously, this vaccine has already been abandoned by Norway, the Netherlands, Denmark and a number of other countries.


Germany, France and Italy announced on Monday that they will suspend the use of the AstraZeneca vaccine against COVID-19 after cases (including fatal) cases of thrombosis have been recorded in those vaccinated. At the same time, the World Health Organization (WHO) says that the connection between the vaccine and complications has not been proven and there is no reason for panic.


Experts note that if fears about the safety of the AstraZeneca vaccine are confirmed, it could jeopardize the rapid vaccination program for the UK population.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.